Lingyi Auto Raises ¥1.2B to Build the Tesla of Heavy Trucks

Lingyi Auto has closed a Series B of ¥1.2 billion (~$168 million), backed by CATL's investment arm, Momenta, and NIO Capital. The raise signals serious institutional conviction that autonomous electric heavy trucks are entering a buildout phase — and that the companies who own the full stack will win.

Lingyi Auto's ¥1.2B Series B Is a Bet on Full-Stack Autonomy in Heavy Freight ### What This Round Actually Signals When CATL's industrial investment platform, an autonomous driving software house (Momenta), and a major EV-ecosystem venture fund (NIO Capital) co-lead the same round, the message is less about one startup and more about where the infrastructure of autonomous freight is heading. This is not a software-first autonomy bet, nor a pure EV truck play. Lingyi Auto's Series B — ¥1.2 billion (≈$168 million) — is a conviction investment in vertical integration: the thesis that whoever controls the vehicle architecture, the sensor layout, and the autonomous driving stack simultaneously will define the next generation of heavy logistics in China, and eventually beyond. That CATL's investment arm is involved is particularly notable: battery supply chain alignment at the Series B stage suggests Lingyi is being positioned as a platform play, not…

Lingyi Auto Raises ¥1.2B to Build the Tesla of Heavy Trucks

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